Know the type of bitcoin trading platform you have planned to launch. Each type of crypto exchange will have a different cost.

Most of the traders are now looking for a Binary options trading platform.

Choose whether you are going to move with Whitelabel services or developing from scratch.

Wondering what the costs would be to develop a cryptocurrency exchange? Go ahead and get your solution answered! The most popular forms of trading in today’s world are cryptocurrency trading platforms. These exchanges allow the buyer and sellers to perform transactions in a hassle-free manner. As an owner of a crypto exchange, the proprietor receives a charge as a trading fee.

Cryptocurrency Exchange Development Cost: Multiple Approaches on how it depends

Knowing the type of Crypto Exchange Platform to launch

Initially, know the type of bitcoin trading platform you have planned to launch. Each type of crypto exchange will have a different cost. There are multiple types of exchanges like:

1. User to Admin Exchange

In this type of trading platform, an intermediary or middleman will be responsible to perform buy and sell orders. The admin will have control over the functionality and the user’s wallets in the exchange.

2. Decentralized Crypto Exchange

In decentralized cryptocurrency exchanges, there is no such intermediary to facilitate the transactions between the parties. You can enhance reliability and security for your users if you develop a decentralized exchange.

3. Hybrid Crypto Exchange

As the name suggests, it is a mixture of both centralized and decentralized crypto exchanges. It resolves the disadvantages of both the platforms and brings an effective bitcoin trading platform.

4. Order Books Exchange

You can now build Order Books Exchange platforms similar to Binance, Poloneix to instantly facilitate buy and sell transactions between the parties.

5. Ads based Exchange

This type of exchange is for Ads. If you look at popular exchanges like Locabitcoins, Remitano, they support this feature.

6. Binary options trading platform

Most of the traders are now looking for a Binary options trading platform. You can create this kind of exchange, for beneficial profits.

Choose whether you are going to move with Whitelabel services or developing from scratch

This is the most important decision you should make. If you have urgent requirements, it is better to move and buy a White label crypto exchange software. Since the modules are already developed and tested, you just need to deploy and install it to get started with a crypto exchange. Moreover, the cost of white label crypto exchange software is also reasonable.

But in the case of developing from scratch, everything should start from the beginning. Right from the technology to brand deployment. This can provide you with additional costs as well as the time.

Therefore, choose the one wisely.

Check for the Time and Budget constraints

Remember, the more quickly you need the product, the more that should be reflected in the budget. As the team involved will be quite larger for instant deployment, you must layout the time and budget constraints.

Technical Features

This also plays a crucial role in deciding the cost of the crypto exchange. Here are some of the features one can integrate into their exchange platform:

Mobile Trading App for Android, iOS

Integrated IEO Module

Security Token Exchange

Liquidity API

Atomic Swaps

Margin Trading

Multi-Sig Cryptocurrency Wallet Integration

Referral Programs

Admin Console

Issuer Console

Market Making

Trading Bot

Cryptocurrency Ticker API

Rest API

Leverage Trading

Futuristic CMS

In addition to this, you should give #1 priority to security. Here are the mechanisms which you should have:

HTTPS Authentication

Data Encryption

Anti Distributed Denial of Service (DDoS)

SQL Injection Prevention

Cross-Site Request Forgery (CSRF) Protection

Anti Denial of Service (DoS)

Server-Side Request Forgery (SSRF) Protection

Jail Login

Zab Technologies, the top-notch solution provider renders the above set of entities and security features in their Whitelabel crypto exchange software. At Zab, the cryptocurrency exchange development cost depends on all these requirements for instant deployment!

Get connected with our experts for a fruitful and a meticulous crypto exchange solution!